)--The global foodservices disposable market size is expected to grow by USD 13.61 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.Request challenges and opportunities influenced by COVID-19 pandemic - https://www.technavio.com/talk-to-us'report=IRTNTR44658
As per Technavio, the vendor focus on compliance with industry standards will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.Foodservices Disposable Market: Focus of Vendors on Compliance with Industry Standards
Vendors that offer foodservice disposables are required to follow several standards to ensure the safety, quality, and efficiency of their products. Some standards include the adoption of good manufacturing practices (GMPs) and support quality management systems to produce packaging materials for all types of products such as food and consumer goods. For instance, Anchor Packaging has the NSF certification, which assures that it complies with strict standards for quality and safety. Similarly, Huhtamaki offers Bioware compostable single-wall hot cups, which are made from paperboard certified by the PEFC. This is expected to propel the growth of the foodservice disposable market.“Other factors such as the expansion of end-users, and the high consumption of food from restaurants and other foodservice establishments will have a significant impact on the growth of the foodservice disposable market value during the forecast period,” says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reportsRequest a free sample report
Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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